Comments on: A breath of fresh air… http://www.footnoted.org/gold-stars/a-breath-of-fresh-air/ Michelle Leder's guide to what's hiding in SEC filings Sun, 12 Oct 2008 02:37:50 +0000 http://wordpress.org/?v=2.6.2 By: Lars http://www.footnoted.org/gold-stars/a-breath-of-fresh-air/#comment-1896 Lars Tue, 06 Mar 2007 19:18:17 +0000 http://footnoted.org/a-breath-of-fresh-air/#comment-1896 What about Kindar's recent write-down related to Terasen? While their lack of executive comp & perks is not the norm, not all of their recent actions have been shareholder friendly. The comments made by Ulricii in regard to their interlocking partnerships also bears some consideration. What about Kindar’s recent write-down related to Terasen? While their lack of executive comp & perks is not the norm, not all of their recent actions have been shareholder friendly. The comments made by Ulricii in regard to their interlocking partnerships also bears some consideration.

]]> By: Frank Graham http://www.footnoted.org/gold-stars/a-breath-of-fresh-air/#comment-1772 Frank Graham Sat, 03 Mar 2007 02:37:27 +0000 http://footnoted.org/a-breath-of-fresh-air/#comment-1772 http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-03-02T192017Z_01_N24275339_RTRUKOC_0_US-COLUMN-LIFTING.xml&src=nl_usbusinessclose NEW YORK (Reuters) - Investors will be getting a lot more information about CEO pay and perks this year. Companies will also have to reveal something else: just how much chief executives stand to take home if they're forced out. As part of revised regulatory disclosures on executive pay, companies now must calculate potential severance costs as well as the "parachute pay" top executives are eligible to collect if their company is acquired and they lose their job. http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-03-02T192017Z_01_N24275339_RTRUKOC_0_US-COLUMN-LIFTING.xml&src=nl_usbusinessclose

NEW YORK (Reuters) - Investors will be getting a lot more information about CEO pay and perks this year.

Companies will also have to reveal something else: just how much chief executives stand to take home if they’re forced out.

As part of revised regulatory disclosures on executive pay, companies now must calculate potential severance costs as well as the “parachute pay” top executives are eligible to collect if their company is acquired and they lose their job.

]]> By: Ulricii http://www.footnoted.org/gold-stars/a-breath-of-fresh-air/#comment-1771 Ulricii Fri, 02 Mar 2007 22:02:45 +0000 http://footnoted.org/a-breath-of-fresh-air/#comment-1771 Jason: Thanks for the clarifications. That's the sort of information that's valuable in weighing Michelle's gold star award. There are good-guy CEO's and managers out there--Warren Buffet immediately comes to mind. I'd like to think the KM folks are cut from similar cloth. But it seems there are so few that we all need insights like yours. So again, thanks. Any more Kinder Morgan fans out there to add to Jason's remarks? Jason: Thanks for the clarifications. That’s the sort of information that’s valuable in weighing Michelle’s gold star award.

There are good-guy CEO’s and managers out there–Warren Buffet immediately comes to mind. I’d like to think the KM folks are cut from similar cloth. But it seems there are so few that we all need insights like yours. So again, thanks.

Any more Kinder Morgan fans out there to add to Jason’s remarks?

]]> By: Jason G. http://www.footnoted.org/gold-stars/a-breath-of-fresh-air/#comment-1770 Jason G. Fri, 02 Mar 2007 18:33:32 +0000 http://footnoted.org/a-breath-of-fresh-air/#comment-1770 Kinder Morgan's managers have always been impressive, and not coincidentally a few of them are named Kinder or Morgan... They consider their compensation to be in the form of dividends paid on the shares they own... Outstanding if you think about it. As for the shares going private... Management is taking the KMI shares private... KMR and KMP will still trade publicly. Kinder Morgan’s managers have always been impressive, and not coincidentally a few of them are named Kinder or Morgan… They consider their compensation to be in the form of dividends paid on the shares they own… Outstanding if you think about it.

As for the shares going private… Management is taking the KMI shares private… KMR and KMP will still trade publicly.

]]> By: Ulricii http://www.footnoted.org/gold-stars/a-breath-of-fresh-air/#comment-1769 Ulricii Fri, 02 Mar 2007 18:04:55 +0000 http://footnoted.org/a-breath-of-fresh-air/#comment-1769 I echo James Ho's comment. Since the Chairman/CEO Richard Kinder has an approved price and date for taking the company private, you might say he's just thinking ahead and not wasting corporate assets that are all going to be his in six months. He's no longer wasting shareholder assets when he flies the corporate jets. It's money out of his own pocket. Even without that caveat, I'd need a whole lot more information about executive perks associated with the numerous interlocking KinderMorgan partnerships before I'd award them the gold star in that category. Who's to say that KMR execs aren't just wearing a different affiliate hat when they dip into the perks jar? I echo James Ho’s comment. Since the Chairman/CEO Richard Kinder has an approved price and date for taking the company private, you might say he’s just thinking ahead and not wasting corporate assets that are all going to be his in six months.

He’s no longer wasting shareholder assets when he flies the corporate jets. It’s money out of his own pocket.

Even without that caveat, I’d need a whole lot more information about executive perks associated with the numerous interlocking KinderMorgan partnerships before I’d award them the gold star in that category. Who’s to say that KMR execs aren’t just wearing a different affiliate hat when they dip into the perks jar?

]]> By: James Ho http://www.footnoted.org/gold-stars/a-breath-of-fresh-air/#comment-1768 James Ho Fri, 02 Mar 2007 16:53:49 +0000 http://footnoted.org/a-breath-of-fresh-air/#comment-1768 Too bad that the company is going private. Too bad that the company is going private.

]]> By: Guru http://www.footnoted.org/gold-stars/a-breath-of-fresh-air/#comment-1765 Guru Fri, 02 Mar 2007 16:37:33 +0000 http://footnoted.org/a-breath-of-fresh-air/#comment-1765 That sounds almost funny. Is April being advanced to March this year ? :-) That sounds almost funny. Is April being advanced to March this year ? :-)

]]> By: Vito Boscaino http://www.footnoted.org/gold-stars/a-breath-of-fresh-air/#comment-1759 Vito Boscaino Fri, 02 Mar 2007 15:30:14 +0000 http://footnoted.org/a-breath-of-fresh-air/#comment-1759 This is an outstanding filing. I simply cannot believe that in this day and age, any publicly traded company operates in the manner that has been described. This should become the benchmark by which all other publicly traded companies are measured. This is an outstanding filing. I simply cannot believe that in this day and age, any publicly traded company operates in the manner that has been described. This should become the benchmark by which all other publicly traded companies are measured.

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